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Apartment tenants spent more of their incomes to rent their units this year, with those who choose to rent, but could afford to buy their homes if they wanted to, getting hit hardest. The overall rent-to-income ratio increased in March...
The Real Deal Lamar Cos. has paid $63.7 million, or $148.83/sf, for Geneva Commons, a 438,000-square-foot retail center in Geneva, Ill. The Fairfield, N.J., company purchased the property from LaSalle Investment Management, which had acquired it in 2013 for $124...
Tampa Bay Business Journal American Landmark Apartments has paid $134 million, or about $301,802/unit, for the Pointe on Westshore, a 444-unit apartment property in Tampa, Fla. The local company purchased the property from its developer, Index Investment Group of Jupiter,...
Commercial Real Estate Direct Staff Report Ferrado Properties Inc. has paid $39.1 million, or $1,503/sf, for the 26,834-square-foot office property at 801 Boylston St. in the Back Bay section of Boston. The Newport Beach, Calif., investor bought the property from...
REBusiness Online Greystone has provided $20 million of Freddie Mac financing against Ray Philly, a 110-unit apartment property in the South Kensington area of Philadelphia. The property, at 1525 North American St., is owned by a venture of Ray and...
HotelBusiness.com Hudson Bay Capital has provided $55 million of financing against the 561-room DoubleTree by Hilton Hotel Denver. The floating-rate financing has a two-year term, but comes with a 12-month extension option. The loan allows the owners of the...
Tampa Bay Business Journal Kolter Urban has lined up $182 million of construction financing for the Art House, a 244-unit residential condominium building in downtown St. Petersburg, Fla. Bank OZK provided the loan to the Delray Beach, Fla., developer, which...
REBusiness Online A venture of Zar Property NY and HPNY has paid $15.1 million, or $264.91/sf, for the 57,000-square-foot office property at 26-30 West 61st St. in the Lincoln Square section of Manhattan. The venture bought the property from...
Commercial Real Estate Direct Staff Report Highwoods Properties Inc. had signed 97 office leases for 922,000 square feet during the first quarter, a significant increase from the 520,000 sf of deals inked during the same period a year ago...
The Real Deal Bristol Myers Squibb is planning to vacate Woodside Technology Park, a 256,000-square-foot office campus in Redwood City, Calif. The New York drug manufacturer's lease for the entire property is set to mature in March 2027. It...
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